Australian and New Zealand businesses are trailing behind their global counterparts, with only 17% of businesses digitally mature enough to build disruptive business models at scale, compared to a global cohort of 22%, according to a newly released research report.

Increasing complexity within the monitoring and control core infrastructures of Australia’s utility operators may make them more susceptible to cyber attacks that could cause widespread disruption across the country, according to a warning from industry experts.

Nokia sees Australia taking a lead in this year’s annual global Open Innovation Challenge competition by building on strong IoT momentum in the country’s industrial sectors like mining and resources, transport, utilities and agriculture.